Baxter Is Back -- and How

The stock of drug and medical-device maker Baxter International is slightly lower on news that Baxter plans to make its biggest acquisition ever. However, investors who buy shares today will likely be rewarded.

Before Tuesday's opening bell, Baxter (ticker: BAX) announced its purchase of privately held Swedish medical-equipment maker Gambro for $4 billion. The deal would combine the world's second- and third-largest makers of...